Studio · 429 sqftWaves Tower, Business Bay · 5th floor

510, Waves Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in August 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 510 · DLD and Ejari recordsUpdated 10 August 2025

Last soldAED 765K16 August 2022

Current rentAED 60K /yr10 August 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 510, Waves Tower

Today

What is 510 worth today?

Last sold for AED 765,000 in 2022

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10 Aug 2025

10 Aug 2025RentedNew contract

AED 60,000/yr12 months · AED 139 per sqft

16 Aug 2022

16 Aug 2022Sold by developerReady

AED 765,000AED 1,782 per sqft

16 Aug 2022

16 Aug 2022RentedNew contract

AED 37,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 10 August 2025.

Key facts

Type: Studio apartment
Size: 429 sqft
Floor: 5th of 16
Parking: B2-12
Service charge: AED 6,900 /yr
Last sold: AED 765K · August 2022
Building: Waves Tower

About 510, Waves Tower

510 is a studio of 429 sqft on the 5th floor of Waves Tower, a 16-storey tower in Business Bay. The developer sold it on 16 August 2022 for AED 765,000, or AED 1,782 per sqft, 10% above the AED 1,616 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 10 August 2025, is AED 60,000 a year: a gross yield of 7.8% on the 2022 price, before the service charge of about AED 6,900 a year.

Sales and rents for 510 over time

Sales

Unit 510, each saleTypical studio in Waves Tower

510 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 510, each contractTypical studio in Waves Tower

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Waves Tower, and where 510 sits

All 59 studios →

Studios in Waves Tower · last 12 months1,984 /sqft Waves Tower · all types1,649 /sqft

510 last sold in August 2022 at AED 1,782 per sqft, 10% above what studios in Waves Tower were fetching at the time (AED 1,616). Over the last 12 months studios sold for AED 860,000 to 920,000, around AED 1,984 per sqft, and rent for AED 60,500 to 80,000 a year. 510's AED 60,000 is at the bottom of that range.

Recent studio sales	Size	Price (AED)	Per sqft
30 Jan 202630 January 2026	487 sqft	860,000	1,766
3 Jun 20253 June 2025	418 sqft	950,000	2,272
18 Apr 202518 April 2025	429 sqft	920,000	2,143
15 Jan 202515 January 2025	487 sqft	900,000	1,848

2 studio sales in the last 12 months

Waves Tower

Building

160 apartments, studios to 2-bed over 16 floors in Business Bay. 7 sold in the last 12 months.

Typical price per sqft: AED 1,649
Typical sale: AED 2.26M
Typical rent: AED 100K /yr
Typical yield: 7.2%

Waves Tower, Business Bay: prices, sales and rents →

Other units on the 5th floor

All 160 units in Waves Tower


501	1-bed	980 sqft	AED 1.25MAED 1,250,000 · Aug 2022August 2022	100,000 /yr
502	2-bed	1,433 sqft	AED 2.33MAED 2,329,999 · Sep 2022September 2022	160,000 /yr
503	2-bed	1,428 sqft	AED 1.5MAED 1,500,000 · Oct 2023October 2023	175,000 /yr
504	1-bed	839 sqft	AED 1.11MAED 1,110,000 · Jul 2022July 2022	95,000 /yr
505	1-bed	830 sqft	AED 1.05MAED 1,050,823 · Aug 2022August 2022
506	Studio	442 sqft	AED 725KAED 725,000 · Sep 2022September 2022	67,000 /yr
507	Studio	487 sqft	AED 785KAED 785,000 · Oct 2022October 2022
508	1-bed	1,020 sqft	AED 1.28MAED 1,277,778 · Sep 2022September 2022
511	Studio	418 sqft	AED 762KAED 762,000 · Aug 2022August 2022	52,500 /yr

1–7 of 9

510, Waves Tower in numbers

Sold once: by the developer on 16 August 2022 for AED 765,000, or AED 1,782 per sqft.
Rented since August 2022 on 2 Ejari contracts, from AED 37,000 to AED 60,000 a year.
At AED 60,000 a year the gross yield on the 2022 price is 7.8%, before a service charge of about AED 6,900 a year (AED 15.97 per sqft).
Studios in Waves Tower sold for AED 860,000–920,000 in the 12 months to November 2026; the building's median across all types is AED 1,649 per sqft.

Source: Dubai Land Department. Updated 10 August 2025.

Questions about 510, Waves Tower

What did unit 510 last sell for?

AED 765,000 on 16 August 2022, sold by the developer: AED 1,782 per sqft for 429 sqft. It is the only registered sale of the unit.

What is the rent for unit 510?

AED 60,000 a year on the contract signed on 10 August 2025. The previous contract, from August 2022, was AED 37,000.

How big is unit 510?

429 sqft (39.9 sqm): a studio on the 5th floor of a 16-storey tower.

What is unit 510 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Waves Tower sold for AED 860,000 to 920,000 in the last 12 months, around AED 1,984 per sqft.

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Mortgage on 510, Waves Tower

Starts from the last sale price (AED 765K, 16 August 2022). Switch to today's estimate once you have unlocked it.

Price: AED 765,000
Deposit, UAE resident (20%): AED 153,000
Deposit, non-resident (40%): AED 306,000
Monthly over 25 years at 3.7%: AED 3,130

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →